Jeremy has $2300 to invest for 6 years. a) Which is the better investment? Justify you Investment A: Guaranteed Investment Certifice compounded semi-annually Investment B: bond that earns 6.7% compoun

Q: Salary Increases Your friend has just been hired at anannual salary of $50,000. If she expects to…

A: given,       when she begins , annual salary =$50,000 she expects to receive annual increases of 4%

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: Mr. A borrows P 12,000.00 with interest at 6% for two years from Mr. B. What should Mr. B accept in…

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Q: You deposit K1000 every year for 4 years with a bank  which pays 6.5% P.a. simple interest. In the…

A: The objective of the question is to calculate the total investment value at the end of the fifth…

Q: Mr. Bagain borrowed P2,000,000 for the expansion of his farm supply business. The effective rate of…

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Q: Determine the amount of interest paid on a $35000 investment that pays 10% per year, simple interest…

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Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: you pay $6200 for a municipal bond. When it matures after 16 years, you receive $11,800. a. The…

A: (a)The future value FV=$11,800Present value PV=$6,200r= rate of return per annumn= number of…

Q: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: You want to buy a $25,000 car. The company is offering a 2% interest rate for 36 months (3 years).…

A: r = 2%/12 = 0.1667% (monthly), n = 36

Q: Henry and his new wife, Meaghan, have disposable income of $192,000 per year. They can get a loan…

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Q: Q2: A company has additional money to invest for future funds growth. If the selected investment…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: What is the interest earned on a principle of $250 at 3% interest for 9 years? O $67.5 O $675 O…

A: p=$250 r=3% t=9 years

Q: Richard spends $22.72 every month into mortgage at the end of 30 years he has a balance of…

A: Amount spends by Richard every month = $22.72 Time period of amount spent in months = no. of years *…

Q: You borrowed money and need to pay interest on the loan. You must pay 5% of the $6500 loan to remain…

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Q: A new investment opportunity for you is an annuity that pays $850 at the beginning of each year for…

A: Give information Amount A=$850 Time t=3 years Rate of interest r=5.5% ⇒r=5.5100=0.055 Formula used :…

Q: Alvarez has $650 deposited into his bank account the account earns simple interest of 5.5% per year…

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Q: How much will Lee receive at the end of 4 years?

A: Principle, P = $18,400 Annual interest rate, r = 8% = 0.08 No. of times interest compounded per…

Q: Ryan bought a $255,000.00 house, paying 10% down, and financing the rest at 7% interest for 15…

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Q: What value would you project for a share of stock at the beginning of year 3? $

A: From the model of Gordon's growth the formula is given as: P = [ D (1+g) ] ÷ ( ke -g). P = current…

Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine…

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